New Delhi, Oct. 23 -- Indian FMCG stocks could see an improvement in earnings growth over the next two financial years, according to Anand Rathi Research, which has identified Marico, Godrej Consumer Products (GCPL), Mrs Bector Food and Asian Paints as its preferred picks across the staples and discretionary segments.

The brokerage expects its coverage universe of 16 companies to deliver around 10% revenue compound annual growth rate (CAGR) and 15% earnings CAGR over FY26-28, signalling an improvement from the subdued growth recorded in FY25 and FY26.

"We expect our coverage universe, consisting of 16 companies, to clock ~10% revenue CAGR over FY26-28e driving ~15% earnings CAGR (vs. 4/7% YoY revenue growth and -3/5% earnings growth in ...